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AIBU?

Share your dilemmas and get honest opinions from other Mumsnetters.

Why so much hate for Landlords on MN?

395 replies

coulditbeme2323 · Yesterday 16:00

Who do LL's get so much hate on MN?

It seems so much more hate than there is any real life.

OP posts:
coulditbeme2323 · Today 12:43

Boreded · Today 12:38

Of course they do. They take out debt on a property, and pay interest. At any point the following things could happen to reduce their income or increase their costs:

  1. sharp increase in interest rates leading to increased costs
  2. fall in housing value leading to negative equity
  3. empty property - so they have to cover mortgage shortfall
  4. tenants refuse to pay - it takes an incredible amount of time to evict someone and they aren’t receiving income at this time
  5. significant damage to property by tenants - large costs to rectify.

most of the time these things won’t happen, but sometimes they will. So yes, they absolutely are taking on a significant financial risk.

Though I do now see that you’re playing both sides of the coin with nonsensical responses that are designed to elicit a long winded response…are you writing an article or are you just bored?

I am not sure you have understood what I am saying. I am firmly on the sides of Landlords.

The "I am not sure they do" was in response to the poster below - and I meant I am not sure they understand it is a financial risk."

You realise a landlord is taking on a massive amount of financial risk and so of course there needs to be a financial incentive.

OP posts:
coulditbeme2323 · Today 12:44

bigboykitty · Today 12:38

I just can't bear the hideous and disrespectful comments on here from landlords on any post about tenants. A lot of them are despicable.

Not seen any on this thread.

OP posts:
Itchthescratch · Today 12:45

mibbelucieachwell · Today 12:34

Imagine bread is the only food available. The baker has one loaf left. Someone with no bread would like to buy it and offers the baker the most money they can afford. Someone else who already has bread offers more and sell it back to the first person a slice at a time for a profit. This makes it harder for the the first person to ever buy a loaf of bread and makes it easier for the second person to buy even more bread.

Obviously the first person is the renter and the second person is the landlord. It’s a problem.

What if it cost the baker £3 to produce the loaf? If the other person with no bread has only £1 then what should he do? He might be able to give away that loaf at a loss and survive but how many more would be he bother to bake if he was taking that kind of hit every time? If he bakes no bread then how are the people with no bread better off than if they could access the bread at a slice at a time?

The average cost to build a 3 bed house in the UK is £200-£350k excluding the land. When you factor in land it can vastly increase. Just because you wish everyone could afford to buy a house this doesn't make it so. We live in a global economy where other countries are vying for skills and materials. Even if the government did absolutely everything it could, it couldn't bring the cost of housing down as much as you would like.

bigboykitty · Today 12:46

Phineyj · Today 12:39

On this thread?

I haven't read this thread, only skimmed a few posts. I just meant more generally on Mumsnet. A few examples - telling tenants it's not even their home, telling tenants they are being unreasonable in expecting their contractual rights to be respected, acting as if they are doing tenants an enormous favour. I've seen some lovely and respectful landlord comments too, but unfortunately far too many of the former.

coulditbeme2323 · Today 12:48

bigboykitty · Today 12:46

I haven't read this thread, only skimmed a few posts. I just meant more generally on Mumsnet. A few examples - telling tenants it's not even their home, telling tenants they are being unreasonable in expecting their contractual rights to be respected, acting as if they are doing tenants an enormous favour. I've seen some lovely and respectful landlord comments too, but unfortunately far too many of the former.

Most LL's want a good relationship with their tenants, it's in the best interests of both parties.

OP posts:
SwatTheTwit · Today 12:48

Some twat just bought a row of 10 houses in my country and is going to evict every single tenant.

Thats why.

coulditbeme2323 · Today 12:49

SwatTheTwit · Today 12:48

Some twat just bought a row of 10 houses in my country and is going to evict every single tenant.

Thats why.

For what purpose?

OP posts:
Phineyj · Today 12:49

OK.

It's the Internet.

bigboykitty · Today 12:49

Oh and all the moaning about how unfair the new renters rights are. Renters have had very few rights here compared to other European countries. Some changes are introduced to redress the balance and landlords feeling they're being treated incredibly unfairly.

Phineyj · Today 12:51

Boreded · Today 12:39

Orrrr the baker sells it at a slice at a time and makes the profit, then increases his bread production to ensure that there never is just one loaf left…thus removing the ability to make huge unreasonable profits on a slice of bread lol

Yes! And she could branch out into gluten free! I am severely unwell in this fictional scenario and it's putting me off my (gluten-free) lunch!

caringcarer · Today 12:58

StandingDeskDisco · Today 11:39

In what way are landlords "earning" the rent. That is a serious misuse of the word 'earning'.
They do a bit of paperwork each year, make a few calls to tradespeople to deal with repairs, etc. If you have one or two properties it is hardly a full time job.

Yet the tenants are working full time to pay the rent (or claiming housing benefit from the state, so the money goes from the state to the landlord via the tenant).

A lot of landlords manage their own portfolio and some do the repairs and maintenance themselves. There is also monthly admin of insurance policies, gas certificates and boiler serviced, occasional electric certificates, EPC to deal with as well as dealing with tenants coming and going so paperwork of new contracts, How to rent booklets etc being printed off and delivered for signature. On top dealing with mortgage companies and remortgaging every couple of years for each property do researching best remortgage rates. Also Keeping up to date with current legislation.

coulditbeme2323 · Today 13:11

There is a large block where we have a few apartments, and because the managing agents are understaffed at the moment I go once a week and and do about 90 minutes work for them for free!

OP posts:
Zov · Today 14:45

Phineyj · Today 10:46

It is not the role of private individuals to provide the "vulnerable and needy" with a home, unless they're family members I suppose, and even then there are limits!

No it's not, it's up to the local authority and housing associations to provide housing to the vulnerable and needy. THAT is why every private landlord needs EVERY PROPERTY THEY OWN taking off them, then they can being given what they paid for each house, and the houses can go into the local housing stock for social housing tenants. To increase the social housing stock! NO-ONE should own more than one home! NO-ONE!

NO individual (or family!) SHOULD HAVE A HOUSING PORTFOLIO FFS!

And no I have NOT had a bad experience with a private landlord, but I know plenty of people who bloody well have!!!

.

coulditbeme2323 · Today 14:49

Zov · Today 14:45

No it's not, it's up to the local authority and housing associations to provide housing to the vulnerable and needy. THAT is why every private landlord needs EVERY PROPERTY THEY OWN taking off them, then they can being given what they paid for each house, and the houses can go into the local housing stock for social housing tenants. To increase the social housing stock! NO-ONE should own more than one home! NO-ONE!

NO individual (or family!) SHOULD HAVE A HOUSING PORTFOLIO FFS!

And no I have NOT had a bad experience with a private landlord, but I know plenty of people who bloody well have!!!

.

Edited

I am glad we have more than one!

OP posts:
MrCollinsandhisboiledpotatoes · Today 14:51

Zov · Today 14:45

No it's not, it's up to the local authority and housing associations to provide housing to the vulnerable and needy. THAT is why every private landlord needs EVERY PROPERTY THEY OWN taking off them, then they can being given what they paid for each house, and the houses can go into the local housing stock for social housing tenants. To increase the social housing stock! NO-ONE should own more than one home! NO-ONE!

NO individual (or family!) SHOULD HAVE A HOUSING PORTFOLIO FFS!

And no I have NOT had a bad experience with a private landlord, but I know plenty of people who bloody well have!!!

.

Edited

I have a bad experience with a private landlord every time I hear of one existing.

Itchthescratch · Today 14:51

Zov · Today 14:45

No it's not, it's up to the local authority and housing associations to provide housing to the vulnerable and needy. THAT is why every private landlord needs EVERY PROPERTY THEY OWN taking off them, then they can being given what they paid for each house, and the houses can go into the local housing stock for social housing tenants. To increase the social housing stock! NO-ONE should own more than one home! NO-ONE!

NO individual (or family!) SHOULD HAVE A HOUSING PORTFOLIO FFS!

And no I have NOT had a bad experience with a private landlord, but I know plenty of people who bloody well have!!!

.

Edited

Not everyone that rents is vulnerable or needy. What about those people? I have rented loads of times in my life and would never describe myself as either of those things.

Zov · Today 14:52

Itchthescratch · Today 14:51

Not everyone that rents is vulnerable or needy. What about those people? I have rented loads of times in my life and would never describe myself as either of those things.

I didn't say everyone who rents is vulnerable or needy. 🙄

coulditbeme2323 · Today 14:52

Itchthescratch · Today 14:51

Not everyone that rents is vulnerable or needy. What about those people? I have rented loads of times in my life and would never describe myself as either of those things.

I wonder if the person renting this flat at 212k per month is needy and vulnerable?

www.rightmove.co.uk/properties/148711640#/?channel=RES_LET

OP posts:
Zov · Today 14:53

coulditbeme2323 · Today 14:52

I wonder if the person renting this flat at 212k per month is needy and vulnerable?

www.rightmove.co.uk/properties/148711640#/?channel=RES_LET

Whataboutery. 🙄

coulditbeme2323 · Today 14:54

Zov · Today 14:53

Whataboutery. 🙄

But point made.

OP posts:
Zov · Today 14:59

ByLemonLeader · Today 10:46

Tenants pay their own council tax

Also. SHOCKER! Shock

MANY TENANTS PAY THEIR OWN RENT TOO! 😱

Social housing is not FREE! Shock

Zov · Today 14:59

coulditbeme2323 · Today 14:54

But point made.

Not very well though. That was a ludicrous example.

coulditbeme2323 · Today 15:01

Zov · Today 14:59

Not very well though. That was a ludicrous example.

It was I give you that, I used the highest possible rent to hammer the point home.

But there are literally thousands of properties to rent at 5-10k pcm.

OP posts:
coulditbeme2323 · Today 15:01

Zov · Today 14:59

Also. SHOCKER! Shock

MANY TENANTS PAY THEIR OWN RENT TOO! 😱

Social housing is not FREE! Shock

But it is subsidized.

OP posts:
Zov · Today 15:01

coulditbeme2323 · Today 15:01

It was I give you that, I used the highest possible rent to hammer the point home.

But there are literally thousands of properties to rent at 5-10k pcm.

You didn't hammer anything home. Your example of someone who rents was ridiculous. 99% of people don't live in places like that! 🙄